Funding you earn now, next payment 00:00 UTC−0.0113%/8h= −12.4% APRnext payment −$0.14 per $10,000 · paid last 24h −0.029%
Price spread now: Pacifica against GMX+20.020%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread pays, funding is against you. Pacifica is 20.020% dearer against GMX than usual: you sell high and buy low (spread +20.020% now, against zero (this spread has no 7-day history yet)): +$2,002 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 20 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX SHIB/USD [ETH-USDC] | 0.000005000 | L +0.0213% / S −0.2404% | pay 0.0027% / 1h | 6m 23s | $1K | — | 100x |
| Short | Pacifica kSHIB | 0.000006001 | 0.0100 | get 0.0013% / 1h | 6m 23s | $12K | $4K | 10x |
GMX SHIB/USD [ETH-USDC]
Pacifica kSHIBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica against GMX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$23.74
- Price spread: +20.020% → 0.000%
- $2,002
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- $1,958.26
- Costs to cover
- 0.200%
- Break-even
- from the start
Slippage unknown: GMX: no order-book sample; Pacifica: no order-book sample. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy GMX no order-book sample | — | — | — | — | — |
| Sell Pacifica no order-book sample | — | — | — | — | — |
GMX and Pacifica: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
SHIB on 29 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX SHIB-USD | 0.0000% | 1h | 0.000006000 | +20.003% | $23K | $64K | 10x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000006001 | +20.028% | $77K | $1.9M | 2x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S −0.0001% | 1h | 0.000005999 | +19.978% | $730 | — | 150x | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | +0.0032% | 1h | 0.000005990 | +19.800% | $76K | $793K | 50x | as long as short |
| BingX 1000SHIB-USDT | +0.0080% | 8h | 0.000006001 | +20.020% | — | $2.1M | — | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000005999 | +19.980% | $164K | $313K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000006001 | +20.014% | $35K | $173K | 50x | as long as short |
| Pacifica kSHIBshort | +0.0100% | 1h | 0.000006001 | +20.020% | $12K | $4K | 10x | |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000006003 | +20.060% | $29.3M | $96.3M | 75x | as long as short |
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000006002 | +20.040% | $8.6M | $32.7M | 50x | as long as short |
dYdX SHIB-USD
Kalshi KXKSHIBPERP
gTrade (Gains Network) SHIB/USD
Coinbase International 1000SHIB-PERP-INTX
BingX 1000SHIB-USDT
Lighter 1000SHIB
Aster 1000SHIBUSDT
Binance 1000SHIBUSDT
OKX SHIB-USDT-SWAPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate SHIB_USDT | +0.0100% | 8h | 0.000005996 | +19.920% | $6.9M | $5.6M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000006001 | +20.020% | $31.2M | $16.8M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000006001 | +20.020% | $4.9M | $2.6M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000006002 | +20.040% | $11.4M | $13.4M | 75x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000006002 | +20.040% | $25K | $6K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006004 | +20.080% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006011 | +20.220% | $2K | $24K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006005 | +20.100% | $542 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000005995 | +19.900% | $410K | $618K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000006002 | +20.040% | $2.1M | $6.1M | 50x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0102% | 8h | 0.000006003 | +20.064% | $7K | — | 20x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000006001 | +20.017% | $53K | $4K | 25x | as long as short |
| Injective SHIB/USDC PERP | +0.0161% | 1h | 0.000006040 | +20.800% | $248 | $134K | 5.5x | as long as short |
| GMX SHIB/USD [ETH-USDC]long | L +0.0213% / S −0.2404% | 1h | 0.000005000 | long leg | $1K | — | 100x | |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000006000 | +20.000% | $805K | $937K | 50x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | +0.0250% | 1h | 0.000006004 | +20.080% | $46K | $65K | 25x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000005999 | +19.988% | $1 | — | 20x | as long as short |
| Kraken Futures PF_SHIBUSD | +0.0384% | 1h | 0.000006006 | +20.127% | $1.1M | $818K | 50x | as long as short |
| Hyperliquid kSHIB | +0.0606% | 1h | 0.000006011 | +20.220% | $4.3M | $4.0M | 10x | as long as short |
Gate SHIB_USDT
MEXC SHIB_USDT
KuCoin SHIBUSDTM
Bitget SHIBUSDT
Backpack kSHIB_USDC_PERP
Orderly PERP_1000SHIB_USDC
SunX SHIB-USDT
SoDEX 1000SHIB-USD
HTX SHIB-USDT
Phemex u1000SHIBUSDT
Paradex kSHIB-USD-PERP
Extended 1000SHIB-USD
Injective SHIB/USDC PERP
BloFin SHIB-USDT
Deribit 1000SHIB_USDC-PERPETUAL
Reya kSHIBRUSDPERP
Kraken Futures PF_SHIBUSD
Hyperliquid kSHIB